OPINION
September 3, 2013, 6:53 p.m. ETStephen Moore: Obama's Economy Hits His Voters Hardest Young people, single women and minorities have fared the worst during the past four years..

For better or worse, a truism of American politics is that voters vote their pocketbooks. Yet according to a new report on median household incomes by Sentier Research, in 2012 millions of American voters apparently cast ballots contrary to their economic self-interest.

Each month the consultants at Sentier analyze the numbers from the Census Bureau's Current Population Survey and estimate the trend in median annual household income adjusted for inflation. On Aug. 21, Sentier released "Household Income on the Fourth Anniversary of the Economic Recovery: June 2009 to June 2013." The finding that grabbed headlines was that real median household income "has fallen by 4.4 percent since the 'economic recovery' began in June 2009." In dollar terms, median household income fell to $52,098 from $54,478, a loss of $2,380.

What was largely overlooked, however, is that those who were most likely to vote for Barack Obama in 2012 were members of demographic groups most likely to have suffered the steepest income declines. Mr. Obama was re-elected with 51% of the vote. Five demographic groups were crucial to his victory: young voters, single women, those with only a high-school diploma or less, blacks and Hispanics. He cleaned up with 60% of the youth vote, 67% of single women, 93% of blacks, 71% of Hispanics, and 64% of those without a high-school diploma, according to exit polls.

According to the Sentier research, households headed by single women, with and without children present, saw their incomes fall by roughly 7%. Those under age 25 experienced an income decline of 9.6%. Black heads of households saw their income tumble by 10.9%, while Hispanic heads-of-households' income fell 4.5%, slightly more than the national average. The incomes of workers with a high-school diploma or less fell by about 8% (-6.9% for those with less than a high-school diploma and -9.3% for those with only a high-school diploma).

To put that into dollar terms, in the four years between the time the Obama recovery began in June 2009 and June of this year, median black household income fell by just over $4,000, Hispanic households lost $2,000 and female-headed households lost $2,300....

You mean when the government conspired with corporations, speculators and a large number of uneducated consumers to defy the market's natural rhythms and the market slapped them all back down to the point that both the government and the banking system should have failed and crashed, but instead the government refused (how odd) to prosecute itself and it's corporate collaborators and instead defied the natural rhythms of the market yet again by collaborating to conjure an obscene amount of pseudo money that doesn't yet exist, may never exist, and will never be paid back to our debt holders in order to keep us all from storming Congress and Wall Street and beheading every last one of them until the streets ran as red with their blood as our grandchildren's future now run red with our debt?

No, I recall. What would you like me to teach you about it while we wait for the current government solution to cause more problems than it solves?

You mean when the government conspired with corporations, speculators and a large number of uneducated consumers to defy the market's natural rhythms and the market slapped them all back down to the point that both the government and the banking system should have failed and crashed, but instead the government refused (how odd) to prosecute itself and it's corporate collaborators while and instead defied the natural rhythms of the market yet again by collaborating to conjure an obscene amount of pseudo money that doesn't yet exist, may never exist, and will never be paid back to our debt holders in order to keep us all from storming Congress and Wall Street and beheading every last one of them until the streets ran as red with their blood as our grandchildren's future now run red with our debt?

No, I recall. What would you like me to teach you about it while we wait for the current government solution to cause more problems than it solves?

First, why did you start this thread if everyone is gaining? That goes against what you state in the thread opener.

My thread is about what's gone on under Obama. This chart above is a rebuttal to your lie about gains since 1980. If anyone changed the subject it would be you. It's not entirely surprising you asked such a dumb question here though.

Quote:

Second, can you maybe find a graph that doesn't use the word estimate. That is the second time you have done this. Three times you are out.

You got smacked with the household adjustment graph. Email the Economic Liberal Institute and tell them to stop leading gullible saps like you astray.

__________________"My glutes are shutting off. So I tried to activate my glutes as best I could in between, but they never stayed activated." - Tiger Woods 2/5/15

I guess this is where I'm confused. I've argued the middle class is shrinking, and PB has argued that the top1% doesn't own anymore than what they did in 1964. Yet, in the article in the header, the groups that primarily supported the re-election of the President, there are a series of economic declines. Where is the growth taking place? Or where are the declines the smallest?

My thread is about what's gone on under Obama. This chart above is a rebuttal to your lie about gains since 1980. If anyone changed the subject it would be you. It's not entirely surprising you asked such a dumb question here though.

You got smacked with the household adjustment graph. Email the Economic Liberal Institute and tell them to stop leading gullible saps like you astray.

It's not surprising you don't see the stupidity behind starting a thread complaining about average household income going down while denying that average household income has gone down.

Especially since you depend on graphs that say estimate without the balls to post the site you got your estimate from.

__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock

I guess this is where I'm confused. I've argued the middle class is shrinking, and PB has argued that the top1% doesn't own anymore than what they did in 1964. Yet, in the article in the header, the groups that primarily supported the re-election of the President, there are a series of economic declines. Where is the growth taking place? Or where are the declines the smallest?

I'm attempting to figure this out as well.

I'm sure if we "estimate", we will figure it out.

__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock

You mean when the government conspired with corporations, speculators and a large number of uneducated consumers to defy the market's natural rhythms and the market slapped them all back down to the point that both the government and the banking system should have failed and crashed, but instead the government refused (how odd) to prosecute itself and it's corporate collaborators and instead defied the natural rhythms of the market yet again by collaborating to conjure an obscene amount of pseudo money that doesn't yet exist, may never exist, and will never be paid back to our debt holders in order to keep us all from storming Congress and Wall Street and beheading every last one of them until the streets ran as red with their blood as our grandchildren's future now run red with our debt?

No, I recall. What would you like me to teach you about it while we wait for the current government solution to cause more problems than it solves?

::yawn::, when something fails its the governments fault, when you succeed, its because of the private market. ::yawn::

__________________
"Most of us can, as we choose, make of this world either a palace or a prison."
–John Lubbock